UK Finance today releases its card spending data for March 2024, covering the monthly value and volume of transactions across debit and credit cards.

The data shows the number of contactless cards in issue in the UK topped 150 million (150,172,000) for the first time in March 2024. This means that contactless cards now make up 93 percent of the cards in issue in the UK.

GoCardless, the bank payment company, announces a new partnership with the Federation of Small Businesses (FSB) to offer its members practical tips and advice to help address late payments.                     .      . 

Abacus Group, a leading IT Managed Services Provider (“MSP”) to financial services firms globally, today announced it has acquired Tribeca Technology Group (Tribeca), a UK-based IT MSP also serving the financial services industry, to further strengthen its existing market presence and capabilities across the UK market.

TrueLayer, Europe’s largest open banking payments network, has strengthened its leadership team by appointing Lisa Scott as its first Chief Strategy Officer. In this new role, Scott will oversee the company’s expansion into new markets, drive consumer engagement and accelerate the adoption of its innovative open banking solutions. 

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cash flow, and increase their competitiveness.

FINOM, a leading European digital banking solution for SMEs and entrepreneurs, today announced its entry into the Italian market with the local IBANs and integrated e-invoicing services with automated reconciliation. Following the company's recent successful launch of local IBAN accounts in France, this expansion marks another significant milestone in FINOM's mission to simplify financial management for small and medium-sized businesses across Europe.

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the introduction of TT Futures TCA and TT Trade Surveillance, two new offerings that significantly enhance its Data & Analytics and Compliance lines of business. TT Futures TCA, a comprehensive transaction cost analysis (TCA) tool for futures trading, leverages the largest collection of anonymized, millisecond-level futures market and trade data with a vast array of metrics and measures.

Glia, a leader in customer interaction technology, has successfully integrated its unified interaction capabilities into the mobile version of NCR Voyix's Digital Banking platform. With the partnership, Glia and NCR Voyix are delivering the flexibility and choice needed for banks and credit unions to enhance loyalty and compete in today's digital-first world. 

Financial IT catches up with Moshe Winegarten, CRO of Ecommpay at Money20/20 Europe to discuss the shift from traditional omnichannel approaches and Ecommpay’s innovative strategies.

Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan, announced today that it has entered into an agreement to acquire Veritas Total Solutions, a commodity trading advisory firm with deep technical expertise in risk, systems, analytics, and AI.